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Tasman Resources Limited (ASX:TAS)

ALERT: Price-sensitive ASX Announcement for TAS
Current share price for TAS : $0.055 -0.005 (-8.33%)+
Announcement
Release
12 Mar 2026 8:27AM
Price at Release
$0.060
Full Release
download
Summary
The document provides updates on drilling programs by Tasman Resources Limited at the Titan West and Parkinson Dam projects in South Australia. At Titan West, Fortescue's subsidiary FMG Resources holds a 51% interest and may increase it by sole funding. Drilling is projected to start in mid-2026 following Aboriginal Heritage clearance surveys. The site has promising survey results indicating potential sulfide-rich lithology. At Parkinson Dam, Tasman awaits a heritage survey clearance, which is a prerequisite for planned drilling on six identified targets. Clearance is pending due to workload at the Barngarla Determination Aboriginal Corporation.
Key Points
  • Tasman Resources Limited provides drilling programme updates for Titan West and Parkinson Dam.
  • Fortescue subsidiary holds a 51% interest in Titan West, with potential increase by sole funding.
  • Heritage clearance surveys at Titan West are scheduled for March-April 2026.
  • Drilling at Titan West to commence in June or July 2026, pending clearance survey results.
  • Promising magnetotelluric survey results at Titan West indicate potential sulfide-rich lithology.
  • Parkinson Dam heritage survey clearance required before drilling six identified targets.
  • Parkinson Dam clearance is delayed due to the Barngarla Corporation's workload.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.